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Re: Michael Glover post# 12240

Thursday, 02/13/2014 7:32:38 PM

Thursday, February 13, 2014 7:32:38 PM

Post# of 47873
Hello Michael - I appreciated your comments and questions on the call.
I agree, the extra 60 days is a kick in the teeth - how could they not know that?
The lower revenue number reported today means some of those recent PRs were disingenuous - lumping sales with others that had already been announced. This is something my spider sense told me to be wary of and unfortunately I was right.

On the other hand (I try to look at the positives) sales are picking up since they got TSA Qualification for Cargo. I expect they will continue to increase as more FFs upgrade to the latest technology. They are selling to two of these three: FedEx, UPS, and DHL - this has got to be considered a positive development.

My takeaway from the call? Implant's fortunes are directly tied to TSA qualification for Checkpoint and passenger baggage screening. Without that final approval they do not have a sustainable business. So its TSA or bust. My money is on them getting the approval and scoring the TSA contract. The question is can we trust what management has to say? They have been so off the mark for so long it is hard to take them at their word.

b9

PS: do not forget about the S curve ;)

PPS: I would vote for McGann to take over CEO reigns.

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